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HECM improvements will pay dividends

Shannon Hicks
The focus on foreclosure prevention and servicing will pay dividends for both consumers and industry participants alike It’s a fact every salesperson and reverse mortgage professional must embrace- the vast majority of consumers inherently distrust salespeople. Will recent HECM changes help bolster the product’s legitimacy in the public eye? How

Pending HECM Changes: The Industry Waits

Shannon Hicks
 Proposed changes linger after Congressional hearing As one commenter on HECMWorld put it ‘The HECM program got through the hearing all but unscathed’. Very true considering our long history of continued reductions in Principal Limit Factors and restrictions on how proceeds are distributed. That being said, we have several

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